Diamond Offshore Drilling, Inc.s in-depth stock price analysis indicates that the stock price has rallied 3.39% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -7.55% . Looking at the past 52 week period, the stock price is up at 2.72% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Diamond Offshore Drilling, Inc. has a negative value of -18.55 compared to overall market performance. Stocks of Diamond Offshore Drilling, Inc. (NYSE:DO) rallied by 1.88% during the past week but lost 6.86% on a 4-week basis. The company has outperformed the S&P 500 by 1.05% in the past week but underperformed the index by 8.53% in the last 4 weeks.
Diamond Offshore Drilling, Inc. (NYSE:DO) : On Friday heightened volatility was witnessed in Diamond Offshore Drilling, Inc. (NYSE:DO) which led to swings in the share price. The stock opened for trading at $16.93 and hit $17.55 on the upside , eventually ending the session at $17.38, with a gain of 4.26% or 0.71 points. The heightened volatility saw the trading volume jump to 3,197,788 shares. The 52-week high of the share price is $26.72 and the company has a market cap of $2,384 million. The 52-week low of the share price is at $14.67 .
Diamond Offshore Drilling Inc Last issued its quarterly earnings results on Feb 6, 2017. The company reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.42. Analyst had a consensus of $0.11. The company had revenue of $391.87 million for the quarter, compared to analysts expectations of $354.78 million. The companys revenue was down -29.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Barclays on Jan 9, 2017 to Equal Weight, Raises Price Target to $ 19 from a previous price target of $15 .Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Underperform, Raises Price Target to $ 22 from a previous price target of $19 .
Company has reported several Insider transactions to the SEC, on Nov 10, 2016, Paul G Gaffney (director) sold 4,000 shares at 15.50 per share price.On Aug 10, 2015, Edward Grebow (director) purchased 3,000 shares at 21.99 per share price.On Aug 7, 2015, Corp Loews (10% owner) purchased 230,673 shares at 20.87 per share price.
Diamond Offshore Drilling, Inc. engages principally in the contract drilling of offshore oil and gas wells. They are a leading deepwater drilling contractor and owns and operates one of the largest fleets of offshore drilling units in the world. Diamond Offshore operates in the waters of six of the worlds seven continents, supplying comprehensive drilling services to the global energy industry.